Farm Progress

While farm and ranch sales drop off during the summer, this season is worse than last year’s.

July 5, 2017

2 Min Read
SUMMER SLOWDOWN: Summer typically sees a slowdown in farm and ranch sales. However, Stock Realty & Auction Co. reports this summer is much slower than last year, with high operating expenses and lower commodity prices.

This time of year has always been a slower time for farm and ranch land sales, though this summer is much slower than last year, with farmers having all of their operating expenses laid out and commodity prices being depressed. The only bright spot is that cattle prices are doing better than expected. Marketing time to sell a farm or ranch is four months.

Stock Realty and Auction Co., St. Edward, a licensed real estate broker in eight states, compiles the reports for this column, but not all sales are handled by Stock each month. Contact Stock at 800-WE-SELL8. The following are several of the most recent sales.

Northeast
Knox County: 116.55 acres sold at auction for $265,151. This is a combination pasture and farm ground tract, with excellent access and live water. The pasture is cross-fenced into three paddocks for rotational grazing with live water in each. The cropland consists of high-quality soils, including Moody, Bazile and Brunswick. — Compliments of Farmers National Co.

East
Washington County: 130.67 acres sold at auction for $718,685. This is a recreational property on the Missouri River; it includes a quarter-mile river frontage with boat launch, 18 boat slips, 55 RV-camper pads with electricity, clubhouse with showers, bathrooms, garage storage and private residence, ample timber, and 50.29 acres of productive cropland. — Compliments of Farmers National Co.

Southeast
Clay County: 143.72 acres sold in two tracts. Tract 1, selling for $451,902, is a high-quality, pivot-irrigated farm with level to rolling terrain. Tract 2, which sold for $360,000, is a combination of pivot- and gravity-irrigated cropland, along with about 30 pasture acres. — Compliments of Agri Affiliates Inc.

South
Harlan County: 240 acres sold for $959,000. This farm consists of pivot-irrigated cropland and dryland with some pasture. Pasture fence is a four-strand barbed wire on wooden post, while livestock water is provided by a dam and a well equipped with a solar pump. — Compliments of Agri Affiliates Inc.

Phelps County: 304.82 acres sold at auction for $2.02 million in 2 tracts. Tract 1 brought $7,650 per acre and is 153.66 acres of good irrigated cropland with over 90% Holdrege silt loam soils. Tract 2 brought $5,600 per acre for 151.16 acres of irrigated cropland, which has 56 acres of canal water rights and three irrigation motors with pumps included. — Compliments of Farmers National Co.

Southwest
Lincoln County: 80 acres sold for $625,000. This highly productive farm is southwest of Brady. Equipment included is a 2009 Valley center-pivot seven-tower system, powered by an electric motor. — Compliments of Lashley Land

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